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, romney to meet for lunch at white house. the white house revealed that the men will have lunch in the private dining room of the white house. it will be their first extensive meeting ever other than their three debates during the fall campaign. they have had only a few brief encounters. while in washington, mr. romney also reportedly will visit with his former running mate paul ryan of wisconsin who is heavily golved in the g.o.p.'s negotiations with the obama administration to solve the government's fiscal cliff. since the election, mr. rom knit has secluded himself from the media at his southern california home making no public appearances but has bad photographed killing his car at a local gas station and taking a day trip with his grandchildren to nearby disneyland. linden in bristol, virginia on our democrats line. the g.o.p. says to address the spending problem, what do you think? caller: i kind of agree more with the president that it should be a balanced approach. yes, we probably do have a spending problem. i agree. but i definitely believe that there is a problem with
of cutting medicare. even in this presidential campaign, the president was attacked by mitt romney for it. what mitt romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did the reductions in medicare spending, we made sure none of those could come at the expense of american seniors who are receiving medicare. the reason you can do that is because there are enough savings to be had. you go after some of the fraud and waste and you get a ton of savings. that is what we did. in a district, there are a lot of efficiencies to learn from. we are willing to discuss reduce spending on important programs. what we are not willing to discuss is, in the first instance, how you pay for deficits that were caused by things other than these programs. we did not pay for these two wars in iraq and afghanistan. we did not pay for the bush tax cuts that went heavily for the very wealthy. why seniors should take cuts to their services and benefits they paid for in medicare or social security so we can draw down deficit and debt that was caused, that is where it has to
't believing the dreams are accessible to them. >> >> you mentioned mitt romney who until three weeks ago was the leader of the party. mitt romney going to disappear or does he have a continuing role? >> i hope he doesn't disappear and hope he has a continuing role. first of all, very few people have done what he has done, run for president and be the nominee of the party. >> and get crushed. >> that's not accurate. he got 47%. he won a lot of states. he didn't lose 49-1. he won places and has a lot of supporters. but he has been successful at life. and i told him this, too. mitt romney is a role model as a person, a father, husband, community leader. he has a lot to offer the republican party and our country and i don't know what that role is going to be but i'm excited because he has a lot to continue to contribute. >> one of the issues you will be talking about in the coming year is immigration and the big encilada is a pathway to citizenship. can that get done in the next four years? >> i hope so. i think it needs to be dealt with comprehensively but not in a comprehensive package of
. short of capturing medicare, that we know is off the table. even at mitt romney denied that one. if republicans insist on spending cuts being part of the down payment, the onus is on them to come forward with ideas. containsdent's budget 300 billion in savings. it is silly to think the president will negotiate with himself on entitlements. we done that would not happen. we are waiting for specifics somewhere from republican colleagues to show they're serious on negotiations. >> three weeks ago people sent a message, democrats to our set candidates and built campaigns are run the idea of budgets have to work for middle-class. republican campaigns were clear, too. their commitment to protecting the rich, the ryan but it was on the ballot and it was rejected. the american people voted for candidates who committed to fighting for the middle-class. it was clear they agreed with democrats the what they have to participate and pay the fair share. it is finally encouraging to hear republicans are too soft and rhetoric when it comes to crashes on the rich. i am hopeful the to the a lesso
romney tried to make the case that occurred as is making. it has failed miserably. it has failed in history. if it fails from campaign economics. the bush tax cuts disproportionately benefit high- income people. if we get rid of those we will save a lot of money and there is minimal risk to the short term income. high income, whether you are with a wall street bond trader or a ceo of a corporation, they tend to be less vulnerable to the ups and downs of their income and middle class people. we need to support those people. that will lock in savings again. host: next caller. caller: why can't we do away with the federal reserve? if they don't have borrowing power, they do not have debt. that we cannot borrow money from china. let's do away with it. everybody buckle down for a decade and let's get this thing came down. host: let's go to our next caller in massachusetts. the democrats line. caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we k
differently, i am proud of a campaign has mitt romney and i ran. he would have been a great president. it would have been an honor to serve at his side. we gave this race our all. i am grateful for the nomination. i have to say, it is thrilling when your team trusts you with a ball. it is humbling when you advance the ball as far as you can only to come up a little short. the redskins did not find that out on sunday. the giants did. it is one of those humbling experiences that is a great lesson. losing is part of politics. it can often prepare the way for greater victories. jack kemp could be counted upon to " charge chill. failure is not fatal. it is the courage to continue that counts. this work goes on. the jack kemp legacy continues on. we need to continue on fighting for the american idea, the believe everyone should have the opportunity to rise, to escape from poverty and achieve whatever you're god-given calends enable you to achieve. -- talents enable you to achieve. for too many americans, it is not a promise being kept. our poverty rates are at the highest in a generation. o
obama. i really liked mitt romney. why do i have to pay less taxes than my friend from massachusetts? that really bugged me. host: that is stephen from connecticut. tyrone is a republican from the bronx. caller: i think hillary clinton would be an excellent candidate in 2016. i think she handled the middle eastern issue to the best of her ability. also, as far as the gop is concerned, i think she has made strides toward eliminating the tax spending through various commitments with private entities and organizations that are coming out of the woodwork. i was watching earlier today and what they were requesting from the white house was let's fix this problem by incorporating a small businesses and less government intervention to curb the deficit. it has been astronomical. then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit ca
in the oval office with his foreman opponent, mitt romney. according to some it was a private launch the featured turkey chili and the actual conversation that never happened while two presidential nominees are come paining against each other, they pledge to keep in touch and maybe even work together all that according to what happened behind closed doors, the two men themselves never faced reporters. as you look that the picture, we will go to the independent line. caller: hello. hi, i'd like to know what happened to the cuts to the military spending. we're hearing about these entitlement cuts but whabbed what about the medical taxpayer cuts? when are we actually going to see returns from that? and what about the savings we were supposed to get they called it affordable care act not obama, where are the savings? all we're seeing is more taxes, but i'm not seeing where are the doubts our big-budget items like the military. host: all that was mentioned as far as the $4 billion and entitlements. >> but where is the military cuts? host: what do you think about what is put out on the tab
people obviously done a lot. governor romney was a classic example i give away millions of dollars. >> what about special rates for capital gains, dividends, other things that particularly benefit the wealthy are in town? >> is the classic home break that benefits the very wealthy. they think is correct that they receive more than 90% of the benefits. people in the middle class get a little bit from the outbreak, but overwhelmingly, the majority goes to the wealthy. >> home tax loopholes alone can't solve the fiscal cliff even if you'd done been the biggest tax loopholes. they don't come close to fulfilling the deficit. how significant are these deductions when we look at their role in the big picture of solving the fiscal clef? >> they can be important, the goal is not to get rid of the budget deficit. i don't think anybody has a realistic hope of getting rid of the budget deficit and a lot of people don't want to get rid of the budget deficit. certainly, opinions differ. they can be a managing part of the deficit. >> do they play a role in negotiations and talks? there is a group
, for five minutes. mr. blumenauer: mr. speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of fiscal restraint and global warming, it's high time that we start this conversation in earnest. how big do you want your fema to be? how generous your disaster relief payments and how much do you want to pay for it? in today's "new york times" op-ed section, there's an article that points out potential liability for flood insurance alone is $1.25 trillion. second only to the liability for social security. right now we have arguably the worst of both worlds. the federal government responds to disaster usually paying too much for the wrong people to do the wrong things. we provide federal money to put people back in harm's way and sometimes provide infrastructure to make future risky development worse. we often take remedial action, like for theifying beaches, a temporary solution, that can actually accelerate erosion
this picture of mitt romney shopping at costco in california and a dark hat and dark sunglasses. they did not agree on much in the presidential race, but it's clear mitt romney and joe biden share a love of bargains, both of them shopping at costco recently. and the baltimore sun has this headline on their front page -- the storm caused $127 million of damage in maryland. now to republican caller in california, sandy. caller: i just went through an experience with my mother who went from the hospital to a nursing home and was told she could not have any rehabilitation services, that she was only allowed to stay in the nursing home seven days. then we had to make arrangements with hospice. they will all the paper that seven days. and she has to pay for everything else honor own. if hospice came to her house, she will have to pay. she paid into medicare many years. i think all seniors need to be aware and be prepared that this is what will happen to them. that's my experience. host: in philadelphia, rick is a democratic caller. caller: i cannot believe i got through. the last time i spoke w
that was a vote winner, he wouldn't have put 86% of his tv ads. he ran a romney is a bad person campaign not look at how wonderful i have gotten the american economy. >> if it is on c-span >> you say here's what we want to do. we just elected a house which ran on the ryan plan. >> you are saying these are the reforms that we want. >> the president sits there and says what, because he hasn't put anything on the table that passes the lap test, hasn't put spending restraint. crazy democratic leadership, which for two years kept all the democratic senators from voting on anything. i want them to vote on something between now and 2014 because then they aren't coming back. >> if you are john boehner, speaker boehner, your proposal is -- your bright line is what? >> first of all, you want to have this conversation in public and whatever happens, you want it online. that gives you the moral high ground and allows the american people to focus on this. >> wait, what you are saying right there is a path to a deal, you're not saying they should go over a political cliff. you're saying they should fight for t
romney proposed. for the tax portion of this down payment, the decoupling of the bush tax cuts is the right way to bring in up front revenues. if they wish to have a spending cut component, fine, the ball is in their court. what sit? >> we've been specific about our down payment. what is theirs? >> if they have one on the revenue side, we'd like to see the specifics. we've been very specific. so far they haven't offered a single idea short of vouchering medicare that we all know is off the table. even mitt romney denied that one as the campaign went on. if republicans insist on spending cuts the on news is on them to come forward with some ideas t. president's budget continues over $300 billion in health savings. if they don't like that they should make a counter offer. we know that won't happen. we are waiting for some specific somewhere from our republican colleagues to show that they are serious on negotiations. >> three weeks ago the american people went to the polling places and they sent a message. democrats from president obama to our senate candidates on down built thei
alike, including governor romney. it's time for us to act on those elements, to accelerate the reform. i note with no small amount of irony that the $716 billion that the republican ticket mr. romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're going to have to resolve the fiscal cliff. eye roncally enough, something the house of representatives passed last may. in april set out a tax plan. in may passed a sequestration plan, went to the senate and said we're going to see you in the lame duck time period. we're in the lame duck and this had has to be solved. we have to solve the problem. the first thing is to define what the problem even is. it seem
rather than putting an overall cap on deductions, which governor romney had proposed in the campaign. and i tell you, the reason we did that, having considered it, and bill is one of the leading experts in the country on this question, if you limit deductions, it has a differential effect, particularly on charitable contributions, because for high income taxpayers, that cap on deductions will be eaten up by state and local income tax deductions and what you're doing is socking it to the charitable sector by putting a hard cap on deductions. we thought it was better to equalize the rate by going to a credit system. middle class and higher income people all get 18% deduction rather than a millionaire getting 35 cents on the dollar for a dollar of mortgage interest deduction versus a teacher who gets 15 cents on the dollar. we think that is unfair and unproductive and this is a way of equalizing that. >> that is the offer from the center for american progress. larry, maybe this doesn't meet your test and probably won't meet the test of house republicans as well. i will give you a chance
and dividends were not taxed, mitt romney would have a 0% tax rate and people would think that was strange. host: when you were watching that back-and-forth, was that a legitimate argument? guest: sometimes corporations do not pay tax because they have not made a lot of money. unlike people, a business can have a loss for a year and then they're not going to be taxed. it might not be entirely enlightening conversation, but it is true that we do have a corporate tax. the tax rate is supposed to be 35%. a lot of corporations pay lower than that either for legitimate reasons or because there are very good at shifting their profits around the world. considering that they might be finding these loopholes in the law, that strikes people as unfair, and any attention given to that is probably pretty -- host: derek on our line for independents. caller: one question, made a comment, saying the world is complex and the tax code is complex. where did you get that? guest: in my head. the complicated answer will be a lot more complicated than that. a large portion of the tax code is not because of tax breaks.
. mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these deductions? guest: they can be important. the goal is to not get rid of the budget deficit. lots of people do not want to get rid of the budget deficit. they want to get it down to a manageable level. opinions differ. you can make a big dent through closing or reducing the loopholes. host: do you expect them to play a role? could they end up on the chopping block? guest: republicans have put them on the table. i think you probably will see some of both. this is a process that will go on for the better part of the next year. during that process, you will see some of both. host: john mckinnon is a
would cap the overall amount of the deduction that somebody could claim. this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you. i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children
campaign, the president was attacked by mitt romney for having so-called cut medicare. what of course mr. romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did that we made sure that none of the reductions would come at the expense of american seniors who were receiving medicare. and the reason you could do that because there's enough savings to be had. you could get rid of some of the medicare mills, the replication of services and you get a ton of savings. that's what we did. as mr. waleds said, in his district -- walz said, in his district we have a lot of things we can learn from. we're willing to discuss on how to reduce spending on medicare, medicaid and so forth. what we're not willing to discuss in the first instance how you pay for deficits that were caused by things other than these programs. we didn't pay for these two wars in iraq and afghanistan. we didn't pay for the bush tax cuts that went heavily towards the very wealthy. and so why all of a sudden seniors in america should take cuts to their services and benefits they paid for i
's re-election. has been running millions of dollars worth of advertisements claiming that mitt romney's plans will raise taxes on middle class americans. this isn't true. romney promises precisely the opposite. in factcheck.org has called out democrats for repeated -- repeatedly debunked the charge. to paraphrase president clinton's d.n.c., it takes a lot of brass for criticizing someone for doing something you've done yourself. so before we get into the last punch line, let's go back to videotape. online it had a video that could be punched. it was president barack obama speaking. part of his quote says, i can make a firm pledge under my plan no family making less than $250,000 will see any form of tax increase. not your income tax, not your payroll tax, not your capital gains tax. not any of your taxes. the article goes on. this man's firm pledges aren't worth too much, are they? it's worth -- if only to marvel at the sheer hypocrisy. congressional budget office determined that millions of americans will bet socked by the obamacare mandate. 80% of whom are middle income citizens. ne
that the republicans offered, this is just the romney-ryan plan that the american voters said no to. other than destroying our earned benefit, i do not call them entitlements because we worked hard and we earned them. there are no specifics. what loopholes will they close? of course, they are going to punish the poor and middle- class. their plan still gives another huge tax cut to the 1%. people need to look at what happened to this country between fdr and nixon. look at what happened with the conservative takeover from nixon until now. host: we are going to have congressman tom cole from oklahoma who last week said in a closed-door meeting that they should agree with president obama and extend the tax cuts for middle-class americans and then fight later on for that tax cut for the wealthy. we will ask him about this latest proposal, the counterproposal from the house republicans. j.d. on twitter says -- on our republican , richard from colorado springs, colorado. caller: c-span could put on actual science. i think there is a lot of magical thinking on the part of democrats here. first of all,
think. we've asked most americans. and by the way, people who voted for mitt romney will tell you, do not cut my social security and medicare benefits. they don't want that, and it's not because they're stupid or greedy, as alan simpson would like to make them out to be, it's because in this country retiring with some level of security is something that people have worked all their lives deserve in this country and something that should be a priority. mr. ellison: well, let me quote mr. blankfein of goldman sachs. he says, quote, you're going to have to do something undoubtedly to lower people's expectations of what they're going to get. the entitlements. and what people think they're going to get, because you're not going to get it. that's what he said. now, this gentleman is a c.e.o. of a firm that receives tens of billions of dollars -- ms. schakowsky: tens of billions. mr. ellison: tens of billions of dollars from direct money and indirect money through access to the fed at lowered rates and now has the -- ms. schakowsky: audacity. mr. ellison: audacity is the only word you can us
. caller: i voted for president obama and i really, really liked mitt romney. i thought he had a great personality but you know, why do i got to pay less taxes than my friend from massachusetts? so that really bugged me. host: stephen an independent in connecticut. tyrone is a republican in the bronx. caller: hi, how you doing. host: i'm good. caller: i think hillary clinton would be an excellent candidate for 2016, i think she handled the middle eastern issue, libya, to the best of her ability and also as far as the g.o.p. is concerned, inshe's made strides toward eliminating the tax spending through various commitments with private entities and organizations that coming out of the woodwork. i was watching earlier today and what they were requesting from the white house as far as step up to the plit, pleths fix this problem by incorporating small businesses and less government intervention to somewhat sush the deficit considering it's been astronomical. i heard barack obama say, the way we're going to do it is by cut -- make manager cuts in various ways. he was saying make manager cut
to address. guest: so many folks make your livelihood on capital gains. that came up with mitt romney. his effective tax rate was so low. he was paying the capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate w
-pays in cancer screenings, no co-pays for deductibles. we're closing the doughnut hole. under the romney plan, because they're paying providers more, your co-pay part of that provider fee is more, so your co-pay and the deductible will be more. those are for people over 55. people under medicare would pay more under the alternative than they are paying today. if you're under 55, you got your $500 a month every month trying to make your health care. because the thing is, if medicare is saving money and the health care costs do not go down, then somebody's got to pay the difference. adding insult to injury to that you have corporate profits, dividends and commissions and everything else being stipended off. so you not only have to pay the health care costs. you have to pay enough to cover the corporate profits. and so that's where senior citizens would be paying $500, $600 a year more. ms. moore: mr. scott, let me see if i got this straight. under the affordable care act, we're asking that instead of having seniors pay more, you know, find themselves in the doughnut hole, that we ask pharmaceut
Search Results 0 to 27 of about 28 (some duplicates have been removed)